From India's crown a flavour worth a fortune

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Kashmir saffron's prices have risen to ₹3.25 lakh ($4387) per kg, five times the value of silver, after receiving the Geographical Indication (GI) tag, which verifies the spice's origin. The move has helped Kashmiri saffron compete with Iranian competition, with US, Canadian, and European buyers picking up saffron from Kashmir.

from Agriculture-Economy-News-Economic Times https://ift.tt/Buq6RwI

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NCLAT set aside CCI order imposing penalty on 18 sugar mills, 2 trade associations

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The National Company Law Appellate Tribunal (NCLAT) has set aside a penalty of Rs 38.05 crore imposed by the Competition Commission of India (CCI) on 18 sugar mills and two trade associations. The penalty was related to bid rigging in a joint tender for ethanol procurement. The NCLAT ruled that the CCI's order was illegal and did not comply with the principles of natural justice. from Agriculture-Economy-News-Economic Times https://ift.tt/UwRa5Jc
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